DISH Issues Update on Sprint Proposal

Monday, June 10, 2013

DISH Issues Update on Sprint Proposal

12:53 EDT Monday, June 10, 2013

ENGLEWOOD, Colo. (Business Wire) -- In response to media inquires about the current state of play regarding
its proposal to merge with the Sprint Nextel Corporation, DISH Network
Corp. (NASDAQ: DISH) issued the following statement:

“DISH submitted a formal proposal to merge with Sprint on April 15,
2013. We believe our proposal is both economically and strategically
superior to that of SoftBank. DISH and Sprint continue to meet regularly
and conduct the due diligence process that began in late May. In
addition, DISH and Sprint continue to negotiate the terms of a merger
agreement.”

About DISH

DISH Network Corporation (NASDAQ: DISH), through its subsidiary DISH
Network L.L.C., provides approximately 14.092 million satellite TV
customers, as of March 31, 2013, with the highest quality programming
and technology with the most choices at the best value, including HD
Free for Life®. Subscribers enjoy the largest high definition
line-up with more than 200 national HD channels, the most international
channels, and award-winning HD and DVR technology. DISH Network
Corporation's subsidiary, Blockbuster L.L.C., delivers family
entertainment to millions of customers around the world. DISH Network
Corporation is a Fortune 200 company. Visit www.dish.com.

Cautionary Statement Concerning Forward-Looking Statements

Certain statements contained herein may constitute “forward-looking
statements” within the meaning of the Private Securities Litigation
Reform Act of 1995. Such forward-looking statements involve known and
unknown risks, uncertainties and other factors that may cause the actual
results, performance or achievements of DISH Network Corporation to be
materially different from any future results, performance or
achievements expressed or implied by such forward-looking statements.
More information about such risks, uncertainties and other factors is
set forth in DISH Network Corporation's Disclosure Regarding
Forward-Looking Statements included in its recent filings with the
Securities and Exchange Commission (the “SEC”), including its annual
report on Form 10-K for the year ended December 31, 2012 and any
subsequent quarterly reports on Form 10-Q. Risks and uncertainties
relating to the proposed transaction include, without limitation, the
risks that: Sprint Nextel Corporation will not enter into any definitive
agreement with DISH Network Corporation or the terms of any definitive
agreement will be materially different from those described above; the
parties will not obtain the requisite financing or regulatory approvals
for the proposed transaction; the proposed transaction will not be
consummated for any other reason; management's attention will be
diverted from ongoing business operations; and the anticipated benefits
of the transaction will not be realized. The forward-looking statements
speak only as of the date made, and DISH Network Corporation expressly
disclaims any obligation to update these forward-looking statements.

Additional Information About the Proposed Transaction and Where to
Find It

This communication relates to a business combination transaction with
Sprint Nextel Corporation proposed by DISH Network Corporation, which
may become the subject of a registration statement filed with the SEC.
This communication is not a substitute for the joint proxy
statement/prospectus that DISH Network Corporation and Sprint Nextel
Corporation would file with the SEC if any agreement is reached or any
other documents that DISH Network Corporation or Sprint Nextel
Corporation may send to shareholders in connection with the proposed
transaction. INVESTORS AND SECURITY HOLDERS ARE URGED TO READ THE JOINT
PROXY STATEMENT/PROSPECTUS AND ALL OTHER RELEVANT DOCUMENTS IF, AND
WHEN, THEY BECOME AVAILABLE BECAUSE THEY WILL CONTAIN IMPORTANT
INFORMATION ABOUT THE PROPOSED TRANSACTION. All such documents, if
filed, would be available free of charge at the SEC's website (http://www.sec.gov).
In addition, investors and security holders may obtain free copies of
such documents filed by DISH Network Corporation with the SEC by
directing a request to: DISH Network Corporation, 9601 S. Meridian
Boulevard, Englewood, Colorado 80112, Attention: Investor Relations.
This communication shall not constitute an offer to buy or solicitation
of an offer to sell any securities, nor shall there be any sale of
securities, in any jurisdiction in which such offer, solicitation or
sale would be unlawful prior to registration or qualification under the
securities laws of any such jurisdiction.

Participants

DISH Network Corporation and its directors and executive officers may be
deemed, under the rules of the SEC, to be participants in any
solicitation of shareholders of DISH Network Corporation or Sprint
Nextel Corporation in connection with the proposed transaction.
Investors and security holders may obtain information regarding the
names, affiliations and interests of the directors and executive
officers of DISH Network Corporation in its annual report on Form 10-K
for the year ended December 31, 2012, which was filed with the SEC on
February 20, 2013, and its proxy statement for the 2013 annual meeting
of shareholders, which was filed with the SEC on March 22, 2013. These
documents can be obtained free of charge at the SEC's website (http://www.sec.gov)
and from Investor Relations at DISH Network Corporation at the address
set forth above. Additional information regarding the interests of these
participants will also be included in any proxy statement/prospectus and
other relevant documents to be filed with the SEC in connection with the
proposed transaction when they become available.

Restrictions

All rights reserved. Republication or redistribution of Thomson Reuters content, including by framing or similar means, is prohibited without the prior written consent of Thomson Reuters. Thomson Reuters is not liable for any errors or delays in Thomson Reuters content, or for any actions taken in reliance on such content. ‘Thomson Reuters’ and the Thomson Reuters logo are trademarks of Thomson Reuters and its affiliated companies.